Naira-dollar
Naira strengthens, gains N29.89 against US dollar
The Nigerian Naira closed the week on a positive note, appreciating by N29.89 against the US Dollar in the official market.
According to data from the Central Bank of Nigeria (CBN), the Naira traded at N1,517.93 per dollar on Friday, reflecting a 1.9% increase from Thursday’s closing rate of N1,547.82.
READ ALSO:
The currency’s recovery comes after a period of decline since March 5, offering a sign of relative stability. In recent months, the Naira has traded within a range of N1,500 to N1,900 against the dollar across both official and parallel markets.
This uptick suggests ongoing efforts to stabilize the currency may be yielding results, as market watchers remain hopeful for sustained improvements.
Fani-Kayode fires back, denies Germany snub over ambassadorial posting Former Minister of Aviation, Femi…
Benue School Harassment: Authorities Investigate Assault on Female Student at Seat of Wisdom Aliade Authorities…
Violent Protest in Ogoja After Man Allegedly Kills Girlfriend in Cross River Tension has gripped…
Funke Akindele, Toyin Abraham Spark Reactions Over Alleged Snub at Iyabo Ojo’s Premiere Nollywood heavyweights…
UK Raises Visa Costs, Tightens Immigration Rules From April 8 The UK Home Office has…
Gunmen Attack Wedding in Kaduna, Kill 13, Abduct Several Guests Suspected bandits have attacked a…